Budget FY04 Update October 9, 2003. 2 FY 2004 Budget Development Analysis of Appropriations – GR and Other FY 2003FY 2004Difference GR-Formula Funding59,410,59359,276,353(134,240)

Slides:

Advertisements

Similar presentations

TUITION & FEE PROPOSAL (Revised) Recommendation to The University of Texas Board of Regents (Revised) Recommendation to The University of Texas.

Advertisements

Portland State University Budget Update As presented to the Faculty Senate January 7, 2013 by: Monica Rimai Vice President, Finance & Administration.

FY 14 Budget Presentation September 2013 Board of Regents Meeting.

1 The Florida International University Faculty Senate Meeting Operating Budget FY07-08 & Budget Reduction Plan September 18, 2007.

January 15, 2009 Kyle R. Carter Provost and Senior Vice Chancellor.

Provisional Budget Reduction Plan Linda P. Brady, Chancellor Presentation to UNCG Faculty Senate April 2, 2014.

Budget Update. CSU Budget $63.7 Million increase to fund 10,000 Student system-wide $23.3 million increase for 2,700 additional students financial aid.

The Oklahoma State Regents for Higher Education Allocation Process Regents Education Program Annual Conference September 27, 2006.

Tuition & Fee Proposal and FY 2009 Budget Tuition & Fee Proposal and FY 2009 Budget Presentation to UTSA Staff Council June 26, 2008 Janet Parker, Associate.

1. TABLE 1 GOVERNOR'S BUDGET PROPOSAL Projected State Deficit Rebuild State Reserve Total Resolutions Needed Budget Reduction Initiatives: e.g., Budget.

AUBURN UNIVERSITY FY12 Budget Presented to the Faculty October 25, 2011.

Budget Forum Oxford Campus January 15, Oxford Campus Educational and General Budget Future Budget Commitments (Revenue Increase or Budget Reduction)

Budget Office Division of Business and Finance DEVELOPING A UNIVERSITY-WIDE BUDGET An Overview of the External Budget Development Process.

Budget Update Town Hall June 8, What We Will Cover Today Review of NSHE budget cuts and UNLV share Net Cut after tuition increase and other factors.

FY 2012/13 Budget Update Board of Governors Finance, Administration, and Facilities Committee April 4, 2012.

Presentation at Academic Affairs Faculty Symposium March 27, 2009 Tim Burgess Senior Vice President for Finance and Administration University of Georgia.

Academic Budget Presentation March 4, FY05 University Budget Unit Description NonExempt BudgetExempt Budget Total Budget President's Units 2,121,8942%

FY Budget Documents Executive Summary Approval of Tuition & Fees Schedule Recurring Reduction Implementation Plan Narratives Revenue Summary Expenditure.

University Strategic Resource Planning Council Budget.

Campus Budget Update October 12, Tuition Proposed Tuition Rates: + 2.5% Fall 2010 Fall 2011 Fall 2012 Undergraduate Resident $ $

Campus Budget Update December 7, State Appropriations Operating Recommendations: 6.1% ($1,623,145) Performance Incentives.

State Legislative Update Faculty Senate April 3, 2013.

FY13 Student Tuition Consultation SFMC – March 22,

Open Budget Meeting Budget and Finance Budget Reduction for FY13 FY 2013 FY 2013 State Appropriations $ 22,799,099 FY 2013 Special Funding Initiative-Nursing.

INDIANA UNIVERSITY SOUTH BEND Budget Presentation for Academic Senate Meeting October 21, 2005 By William O’Donnell and Dr. Paul Herr.

Spring 2012 Budget Update March/April 2012 Robert Cramer -Assistant Chancellor Cathy Riedl-Farrey - Director, Financial Services.

Planning and Budget Committee February 20, Agenda Current Financial Position Sequester Revenue and Expenditure Comparisons FY08 to FY14 FY16 Revenue.

UW-Platteville Financial Overview November 2012 Robert Cramer - Vice Chancellor Cathy Riedl-Farrey - Director, Financial Services 1.

FY15 Academic Affairs Budget Planning & Discussion UC Raccoon Mountain Room March 17, 2014.

KCTCS ANNUAL BUDGET KCTCS Board of Regents Meetings June 14-15, 2012 Presented by: Michael B. McCall, KCTCS President.

FY 2011 Compendium of Financial Information Arizona Board of Regents Enterprise Initiatives, Finance and Strategic Planning Committee December 1, 2011.

Budget Summary Town Hall Report September 22 & 23, 2009.

January Cal Poly Budget Presentation UPBAC January 2009.

CALIFORNIA STATE UNIVERSITY, SAN BERNARDINO CAMPUS BUDGET FORUM October 30,

Georgia Perimeter College FY2011 Budget Transforming Lives, Strengthening Communities, Fostering Teamwork.

PASSHE Operating Budget Finance, Administration, and Facilities Committee Board of Governors July 8, 2013.

INDIANA UNIVERSITY SOUTH BEND Budget Presentation for Academic Senate Meeting November 2006 By Bill O’Donnell and Robert Pope.

1 U NIVERSITY F INANCIAL M ODEL UPDATE A UGUST 27, 2014.

Budget Update Presented To: University of Louisiana at Monroe Faculty, Staff and Students August 2002.

UW-Platteville Financial Overview October 2011 Robert Cramer -Assistant Chancellor Cathy Riedl-Farrey - Director, Financial Services.

Open Town Hall Meeting FY 2015 TUITION REVENUE PROJECTIONS Institution: Clayton State University DECEMBER 2013 PROJECTIONS Due: December 2, 2013.

1 Budget Overview Budget Information Committee February 26, 2007.

1 Chair’s Retreat Budget Update FY 2016.

Budget Forum Charles W. Sorensen Chancellor University of Wisconsin -Stout.

1 Senate Budget June 15th, $240 M Government Reinvestment.

Chair/Director Orientation David J. Cummins Vice President for Finance & Administration/CFO August 21, 2013* *[ David Cummins has added the following correction.

December Town Hall Tuition Planning Presentation FY17- FY20 December 3, 2015.

1 Financial Topics Cost of Education Committee 9/04/2009.

BUDGET UPDATE FY14 and BUDGET PLANNING FY15. BUDGET Basic Principles for Budget Planning and Development (not Prioritized) Meets Core Values/Goals College.

FY 2017 Budget Development General Operating Funds Presented to the Campus-Wide Business Managers

Planning in the Context of Budget Reduction

Average Published Charges (Enrollment-Weighted) for Full-Time Undergraduates by Sector,

Board of Trustees Retreat Budget Overview

Budget Briefing Sonoma State University Academic Senate August 31st, 2017 University Budget and Planning University Budget Office.

Academic Senate Sonoma State University August 31, 2017

Chancellor Pam Shockley-Zalabak

President’s Leadership Council Budget Update

FY14 Designated Tuition Offset

Operating Budget Update—March 2016

FY13 Budget Planning Janet Parker, Associate Vice President, Financial Affairs PRESENTATION TO THE UNIVERSITY STRATEGIC RESOURCE PLANNING COUNCIL March.

Budget Briefing October 24, 2013

Academic Senate Sonoma State University August 31, 2017

Administrative Affairs

Trends in College Pricing 2018

KCTCS Annual Budget KCTCS Board of Regents Meetings

Fiscal Year 2019 Budget and Planning for Future

University Budget Review and Update.

Budget Update for Administrative Leadership Team February 16, 2018

Budget Reduction for FY13

Budget Background and FY 2020 Budget Proposal

Presentation transcript:

Budget FY04 Update October 9, 2003

2 FY 2004 Budget Development Analysis of Appropriations – GR and Other FY 2003FY 2004Difference GR-Formula Funding59,410,59359,276,353(134,240) GR-Capital Equity and Excellence2,680,3972,345,347(335,050) GR-Institutional Enhancement2,543,7732,834,957291,184 GR-Special Items964,969844,348(120,621) Growth Appropriation210,761(210,761) State Salary Sources946,543(946,543) Excellence Funding854,133(854,133) GR Reduction – Article III, Sec. 56(109,087) GR Reduction – Article IX, Sec (181,108) GR Shortfall in TRB Debt Service(1,030,462) Net Change in Appropriation Funding(3,630,821) Benefits Reductions and Proportionally Change(1,228,841) Subtotal(4,859,662) Elimination of TIF Grants(2,921,092) TOTAL(7,780,754)

3 FY 2004 Appropriation Shortfall7,780,754 Offset by Enrollment Growth and Tuition Increases 3,592,080 Offset by Computer Service Fee and Library Fee 2,921,092 FY2004 Budgeted Deficit1,267,582

4 Divisional Distribution of Budget Deficit (Effective ) Division04 BudgetPercentage Share of Budget Deficit President2,248, %57,969 Academic Affairs16,748,547*34.07%431,853 Finance and Support Services 12,144, %313,147 Student Affairs7,936, %204,626 University Advancement 2,556, %65,906 Information Technology 7,527, %194,080 * Excluding faculty salaries1,267,582

5 Values underlying budget decisions Make budget decisions in support of strategic priorities Continuously re-examine priorities and reallocate existing dollars accordingly Live within our means

6 FY 2003/2004 Budget Development- New Faculty Positions Funded DepartmentTitleNameSalary MarketingAssistant ProfessorSuh, Taewon75,024 CISAssistant ProfessorTo Be Named82,000 Finance & EconomicsAssistant ProfessorTo Be Named85,000 Curriculum & InstructionAssistant ProfessorTo Be Named47,481 Art & DesignAssistant ProfessorBlanco, Ivanette43,128 Unallocated7,171 Undergraduate Education339,804 EAPSAssistant ProfessorTo Be Named48,000 Mass CommunicationsAssistant ProfessorTo Be Named42,000 Finance & EconomicsAssistant ProfessorTo Be Named91,000 Family & Consumer ScienceAssistant ProfessorTo Be Named45,000 CIS & Quantitative MethodsAssistant ProfessorTo Be Named75,000 AnthropologyAssistant ProfessorTo Be Named38,000 Curriculum & InstructionAssistant ProfessorTo Be Named48,000 Art & DesignAssistant ProfessorTo Be Named48,000 Special Opportunities (3-4)Assistant ProfessorTo Be Named354,139 Advising and OSFA Savings789,139 Aquatic Resources Ph.D.Assistant Professor, 12-monthHuston,Michael95,319 Aquatic Resources Ph.D.Assistant Professor, 12-monthTo Be Named85,029 Education Ph.D.Assistant ProfessorTo Be Named70,200 New Program250,548 Total New Faculty PositionsAssistant Professors1,379,491

7 Analysis of New Faculty Positions Needed In Order to Maintain Student/Faculty Ratio Fall 2001Fall 2003 Student FTE18,57920,838 Total Faculty FTE Student/Faculty Ratio New Faculty Positions Needed57 Vacant Faculty Positions Created in FY2004 Budget Development -17 Net New Faculty Positions Needed40 Average New Assistant’s Professor’s Salary$52,554 Benefits$614,486 Approximate Cost of Funding New Faculty Positions$2,716,651